American Lawyer Survey Finds Up-And-Coming Attorneys Willing to Swap Salary for Free Time.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The American Lawyer(R) reported today that, despite six-figure salaries, almost half of the law firm associates surveyed by the magazine would happily accept a 25 percent salary cut if their firms would reduce their hourly billing requirements by the same percentage. The poll, based on responses from more than 4,000 third and fourth-year associates at 181 large and mid-sized firms around the country, revealed that the average associate is expected to bill almost 38.8 hours per week to clients, but actually bills even more - 45.5 hours per week. The results of the 2004 Mid-Level Associate survey are featured in the October issue of the magazine, shipping today, and will be available on the Web at www.americanlawyer.com and www.law.com. The survey also revealed that the average associate carried almost $65,000 in student debts from law school and that only 41 percent of the group felt that becoming a partner at their law firm was important to them. Three-quarters of the respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. , however, were satisfied enough with their firm that they would make the same choice again after law school, given the opportunity. Associates in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. continue to be the nation's top earners, with an average compensation of $173,000 in salary and bonus, followed by those in the San Francisco Bay area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay ($168,000) and Chicago ($163,000). The October issue features the magazine's annual associate satisfaction rankings, which allow non-partners to anonymously evaluate their firms' workplace and management quality on a variety of dimensions. The American Lawyer is the legal industry's leading monthly magazine. Read by partners at corporate law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
adj. Suggestive of one that blazes a trail; setting out in a promising new direction; pioneering or innovative: trailblazing research; a trailblazing new technique. features about attorneys and the work they do has led to 23 National Magazine Award nominations and five coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. awards for general excellence, essays and criticism, and single-topic issues. Earlier this year, The American Lawyer was named the winner of two 2004 Jesse H. Neal National Business Journalism Business journalism is the branch of journalism that tracks, records, analyses and interprets the economic changes that take place in a society. It could include anything from personal finance, to business at the local market to the malls, to performance of well-known and Awards. The magazine is published by American Lawyer Media ALM (formerly American Lawyer Media), is a leading integrated media company, focused on the legal and real estate communities. ALM owns and publishes 33 national and regional magazines and newspapers focused on the legal and real estate communities, including , Inc. (ALM), the nation's leading legal journalism and information company. Headquartered in New York City, ALM is a leading integrated media company, focused on the legal industry. ALM currently owns and publishes 35 national and regional legal magazines and newspapers, including The American Lawyer and The National Law Journal(R). ALM's Law.com is the Web's leading legal news and information network. ALM's other businesses include book, custom and newsletter publishing, court verdict and settlement reporting, production of legal trade shows and conferences, educational seminars and distribution of content related to the legal industry. ALM was formed by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., LP. More information on ALM, its business and services is available on the Web at www.americanlawyermedia.com. |
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